Planet Fitness (PLNT) Q2 2026 earnings summary

Executive summary

• Ended Q2 2026 with 21.5 million members and 2,930 clubs globally, up 3.6% year-over-year and flat sequentially from Q1.

• Total revenue for Q2 2026 was $365.2 million, up 7.1% year-over-year, with system-wide same club sales up 1.7%.

• Adjusted EBITDA increased 3.5% year-over-year to $152.8 million, with a margin of 41.8%.

• Net income attributable to shareholders was $67.1 million ($0.87 per diluted share), up 15.6% from Q2 2025.

• $200 million in Class A common stock was repurchased and retired during Q2 2026.

Financial highlights

• Franchise segment revenue grew 13.5% to $135.8 million; corporate-owned clubs revenue increased 3.5% to $143.9 million; equipment segment revenue rose 4.1% to $85.6 million.

• System-wide sales reached $1.4 billion for Q2 2026, flat year-over-year.

• Adjusted net income per diluted share was $0.88 for Q2 2026.

• Cash, equivalents, and marketable securities totaled $544 million as of June 30, 2026.

• Net income margin for Q2 2026 was approximately 18.5%.

Outlook and guidance

• Full-year 2026 guidance: system-wide same club sales growth of ~1%, revenue growth of ~7%, adjusted EBITDA growth of ~6%, and adjusted net income per share growth of ~6%.

• Plan to open 180–190 new clubs and 150–160 equipment placements in 2026, with most openings in Q4.

• Capital expenditures to rise 10–15%; depreciation and amortization up ~10%.

• Net interest expense for 2026 expected at $115 million.

• Management expects continued growth through new club openings, with contractual commitments for approximately 800 new clubs.